Salesforce Buy Rating Maintained with $253 Target; EPS Forecasts Rise
Phillip Securities reaffirmed a Buy rating on Salesforce with a $253 price target, citing strong fiscal 2026 profit and EPS beats, double-digit revenue growth expectation for fiscal 2027, and expanding AI-driven margin gains. Twelve analysts raised Salesforce’s fiscal 2027 EPS estimate by $0.12 to $13.11, while shares gained 6% over four weeks.
1. Phillip Securities Maintains Buy Rating
Phillip Securities reaffirmed its Buy rating on Salesforce with a $253 price target, highlighting the company’s fiscal 2026 adjusted profit and EPS beats and projecting double-digit revenue growth in fiscal 2027 driven by Platform Cloud momentum and expanding AI revenues that enhance margins.
2. Analyst Revisions and Momentum Indicators
In the past 60 days, 12 analysts raised Salesforce’s fiscal 2027 EPS estimate by $0.12 to $13.11, reflecting an average earnings surprise of 11.6%; the stock’s Momentum Style Score is B, and shares have risen 6% over the last four weeks.
3. Citi Raises Hold Price Target
Citi reaffirmed a Hold rating on Salesforce while boosting its price target from $197 to $200, indicating cautious optimism based on CRM’s AI-driven growth prospects despite a less aggressive stance than Buy-rated peers.